Give Now

Ohio Man Says Durham Used Investors’ Money As “Piggy Bank”

Tim Durham of Fair Finance is being tried in Indianapolis on charges of embezzlement.

Indianapolis court

Photo: Rob Ketcherside (Flickr)

Tim Durham's trial began Monday in a federal court in Indianapolis.

An Ohio man says Indianapolis businessman Tim Durham used his money and the funds of other investors as his personal “piggy bank.”

Donald Russell testified at Durham‘s federal trial. He says he invested $350,000 and his mother put another $125,000 into Fair Finance. The retired police officer says they had no idea Tim Durham owned Fair Finance until the federal raid. Russell says he believes the financial loss contributed to his elderly mom‘s death.

“I think they took advantage of us,” he says. “I think they took my money, my son‘s money and my grandchildren‘s money, my mother‘s money and her parents money who were farmers and that‘s why I‘m here, and I still have hope that justice is gonna prevail. I really do.”

Russell says he was especially upset to hear in court that Durham had a personal loan account of $20 million through the company. Russell says he thinks Durham deserves jail time.

Network Indiana

Network Indiana Indiana's Only Audio News Network. Network Indiana is dedicated to providing the state of Indiana important and useful information.

View all posts by this author »

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Support For Indiana Public Media Comes From

Search News

Stay Connected

RSS e-mail itunes Facebook Twitter Flickr YouTube

Follow us on Twitter

What is RSS? RSS makes it possible to subscribe to a website's updates instead of visiting it by delivering new posts to your RSS reader automatically. Choose to receive some or all of the updates from Indiana Public Media News:

Recent Business & Economy Stories

Recent Videos

Find Us on Facebook